Jun 24, 2015
• Singapore’s success in the Maritime Industry can be attributed to the clustering effect which resulted in successful integration of its core Maritime activities
• 4 core challenges facing the Maritime Industry have been identified
Offshore, Shipbuilding and Repair
Shipping & Port Related Sectors
Shore-Based Maritime Service
Responding to external changes
1
Human Resource Development
4
Moving up the Value-Chain
3
Technological Innovation
2
Maritime Industry
• Regulation to reflect changing global perspective• Implement Eco-Initiatives that would align Singapore’s Position as leading Port
Authority in tandem with leading global best practices• Going above and beyond MARPOL convention
Security Challenges
Environmental Challenges
• Mitigate security threats of piracy and organised crime• increase the depth and scope of International Cooperation. • Trans-national cooperation through bilateral agreements, or at the multilateral level
through various international or regional fora (E.g. ASEAN Regional Forum)
Competitiveness
• Ongoing Innovation to meet the threat of rising competitiveness from developing ports from within the region
• Meet challenges posed by peripheral ports• Implement initiatives for local maritime industry to be more effective in reaching out to
new markets overseas • E.g. Shanghai maritime traffic has increased from 0.3 Million (TEUS) in 1990 to 6 Million
in 2000. Now the 6th largest port in the world within a time span of less than 10 years
Economy
• Robust regulatory framework and support systems to prepare for external global economic changes such as the current financial crisis
• Ensure that maritime industry is propped up by strong financial and management fundamentals
• Increasing Corporate Governance monitoring to ensure investor confidence and prevent fraud and other corporate malfeasance
• An Innovation-Driven Industry to explore technological breakthroughs to increase efficiency and growth
“Staying at the forefront of technology is an integral part of Singapore’s growth as an international maritime centre”
BG (NS) Tay Lim Heng, CEO MPA
• Industry Top-Line Growth• Bottom-Line Efficiencies• Positive Branding• New Opportunities
Technology Innovation
Infocomm@Seaport
Programme
Wimax Ready
Seaport
Offshore Shipbuilding and Repair
Shipping and Port Related Service
Shore Based Maritime ServicesNew Innovations
New Innovations
Marine Industry
outcome
Tangible Results
• To build a Maritime Industry that competes on providing exceptional value-add• Industry must move along the value chain to develop new competencies and
to exploit new opportunities
1980s-1990s 1990s Onwards Future Challenges
“..to continually upgrade and re-invent to ensure that the marine industry offers a good value proposition for its customers”
Mrs Lim Hwee HuaSecond Minister for Finance and Second Minister for Transport
• A Value-Added Maritime Industry requires • Further development of our marine workforce so as to raise productivity level• Attract competent graduates & executive talent to push industry to next level• Attract Internationally renowned experts and researchers to identify and
develop new R&D projects
Human Resource Challenges
1 2
3 4
Human Resource Strategies
External Changes
Technological Innovation
Moving Up Value Chain
HR Development
1960s 1970s 1980s 1990s 2000s
• Marine Industry reaches $100 Mil mark• Jurong Shipyard, first commercial shipyard established
• Forays into oil tanker production successful• Emergence of VLCCs
•Total revenue of $2 Billion •Largest ship repair centre•Forays into FPSOs
•Total revenue of $3 Billion reached• Forays into sophisticated rigs construction
• Captured 70% of world market of FPSOs and Jack-Up rigs• 2008 revenue of $15.4 Billion
Meet Challenges to propel to next phase of growth